Silicon Valley: Real Estate Home Prices Across Three Counties
Dec 13, 2023Realtor® Pat Kapowich outlines the tri-county reach - Santa Clara, Alameda, and San Mateo - forming the core boundaries of Silicon Valley amidst its outsized economic impact.
Real Estate Insights: Kapowich on Silicon Valley Home Prices
REAL ESTATE MARKET SUMMARY
Santa Clara County
Single Family Residential
In Q3 of 2023, the median price for homes in Santa Clara County was $1,804,000, up 2% from the prior quarter, when it was $1,775,000. There was no change in the sale to list price, which was 105% in 2023 Q3. The number of homes sold decreased by 13% and Days on Market (DOM) has not changed.
REAL ESTATE MARKET SUMMARY
Alameda County
Single Family Residential
In Q3 of 2023, the median price for homes in Alameda County was $1,265,000, up 0% from the prior quarter, when it was $1,260,000. There was no change in the sale to list price, which was 109% in 2023Q3. The number of homes sold decreased by 5% and Days on Market (DOM) has not changed.
REAL ESTATE MARKET SUMMARY
San Mateo County
Single Family Residential
In Q3 of 2023, the median price for homes in San Mateo County was $1,820,000, down 4% from the prior quarter, when it was $1,900,000. There was a decrease in the sale to list price ratio, which was 103% in 2023Q3. The number of homes sold decreased by 4% and Days on Market (DOM) increased to 24 days.
Sources: Altos Research and Pro.MLSlistings
Questions? Or are you or someone you know navigating life’s transitions? Let lauded negotiator Pat Kapowich make your next move easy. Visit Kapowich’s website for free area housing data, insights and trends. Or put his artful blend of specialized credentials, decades of experience and endorsed skill set to work for you. Kapowich instills confidence when buying, selling, relocating or resizing homes. Do not just make a move — make the safe move. Contact him today, Realtor Pat Kapowich, a career-long consumer-protection advocate.
Office: 408-245-7700; [email protected]
